The popularity of non-fungal tokens (NFT) has increased over the past two months as stories of multi-million dollar auction sales began to emerge daily.
While projects such as Cryptokitties, Axie Infinity (AXS) and Aavegotchi (GHST) are some of the well-known NFT codes in space, several new platforms have emerged in recent weeks that have reached record heights.
CHR / USDT versus RARI / USDT versus LUXURY / USDT on the 4-hour chart. Source: TradingView
Chromia (CHR), Rarible (RARI) and LUKSO (LYXe) are three projects that have reached new heights in recent days as NFTs have come into the spotlight and want to climb higher as blockchain becomes more widespread.
CHR / USDT
Chromia is a shared blockchain platform that currently runs on top of the Ethereum (ETH) network and runs in a new blockchain language called Rell.
Data from Cointelegraph Markets and TradingView shows that the CHR has risen more than 900% in the last four days, going from a low of $ 0.66 on March 7 to a full peak of $ 0.686 on March 11, with an all -hour high $ 1.76. billion. … At 24-hour trading volume.
4-hour chart CHR / USDT. Source: TradingView
The token movement began after it was announced on March 9 that the ALICE token, the original token for the multiplayer game My Neighbor Alice, will be listed on Binance from March 15. Bullish catalysts are behind the recent rally.
The game combines the play of popular games such as Animal Crossing with the features of the new decentralized finance and NFT sector, including a mortgage offer, guaranteed NFT leases and NFTs.
Rari / USDT
Rarible is a marketplace and creator-focused publishing platform for NFT that uses the RARI token to reward sharing with the protocol. The platform itself is considered “the first jointly owned NFT market” that allows users to “create, sell or collect secure digital items using blockchain”.
Data from TradingView shows that the RARI price has risen 200% since reaching a low of $ 12.92 on February 28, leading to a full-time high of $ 40.52 on March 10 as interaction on the Rarible platform increased day by day. …
Browsing through the project’s Twitter feed reveals that while the Rarible community has been very active for some time, it was the March 1 announcement of Rarible’s inclusion in Product Hunt that took the latest launch to the next level.
A new wave of optimism about the symbol came on March 7 when the popular American fast food restaurant Taco Bell unveiled its own NFT, only available at Rarible Market. The announcement increased trading volume, which helped push RARI to new heights on March 10.
Lexi / USDT
Lukso is a blockchain infrastructure that claims to offer “a series of standards and solutions for physical and digital consumer goods” that increase transparency and create “new forms of responsible production and consumption.”
Lukso Multiverse is a blockchain network that brings fashion, games, design and social media together to a central place where the public can interact with blockchain through decentralized applications.
Data from TradingView shows that the price of LYXE rose from $ 6.94 on March 1 to a new high of $ 23.82. This 240% increase was accompanied by a volume increase of $ 15 million.
LYX’s trading activity began to pick up as early as February 26 as participation in Crypto Fashion Week approached.
The event was attended by such partners as Vogue Germany, which is now immersed in the world of NFT and seeks to unite the world of blockchain and digital fashion.
Since the end of Crypto Fashion Week, the LUKSO Twitter channel has received more engagement from those who want to learn more about the future of the digital economy and the various utility issues for NFT.
The explosion of interest in NFTs has given new life and enthusiasm to the cryptocurrency area as the DeFi sector entered a quiet period with many token mergers as traders turned their attention to the price of Bitcoin and NFT.
As new companies and leading companies begin to engage in digital memorabilia, NFT-related projects such as Chromia, Rarible and Lukso are well positioned to grow further as mass adoption increases.